Ep 111: The Essence of Prosperity: The Ins and Outs of 401Ks and IRAs

Who doesn't dream of a secure and prosperous future? The golden key to this dream is understanding the complexities of retirement plans – specifically, the differences between 401Ks and IRAs. Join me, your host Amir Estimo, as we journey back to the Revenue Act of 1978, the legislation that gave birth to the 401K and commenced the gradual replacement of the traditional pension system. Together, we'll scrutinize the pros and cons of pre and raw 401Ks, shedding light on how these contributions influence your taxable income and why it's crucial to your financial health.

But that's not all! Venture further as we delve into the peculiarities of 401K and IRA investment limits, and the reason Roth IRA is hailed as a formidable investment account. This episode is a treasure trove not just about retirement accounts but about instilling disciplined investing and discovering strategies to decrease taxable income. Remember, a well-planned retirement is a happy retirement. So, let's arm ourselves with knowledge and start our journey towards a secure future. Consultation with a financial advisor is highly advised for personalized guidance but don't miss out on this episode that could potentially pave your way to wealth building!

This podcast is sponsored by Amirison Financial. Our goal is to help the culture build Wealth Assets Prosperity. We appreciate you taking the time to listen to this episode and share the content if you find value.